Hong Kong: an epicentre for global family offices

As a top-ranking international financial centre in Asia, Hong Kong provides an ideal environment for family offices and investors looking to tap into investment opportunities in mainland China, Asia-Pacific and global markets.

With more than 2,700 single-family offices already operating, according to a recent market study by Deloitte, Hong Kong provides an ideal environment for wealth management and investment diversification. One of the city’s many benefits is that single-family offices are exempt from licensing requirements, making it easier for them to operate without navigating complex regulatory frameworks.

“Hong Kong has emerged as a premier destination for family offices by offering a combination of regulatory advantages, financial infrastructure and global connectivity,” says Cameron Harvey, CEO of Landmark Family Office, citing factors the office considered before establishing its global headquarters in the city. Among the top considerations that influenced Landmark’s decision were Hong Kong’s broad range of financial products, expert advisory services and flexible investment vehicles.

Favourable ecosystem

As part of the city’s burgeoning ecosystem, these services and benefits facilitate the sophisticated management of assets, ensuring that family offices can navigate local and international markets and secure their financial legacy across generations. “Collectively, these factors enhance investment possibilities, aiding in both the growth and preservation of wealth,” Harvey says.

Hong Kong is home to more than 70 of the world’s top 100 banks. It also has a rich talent pool of financial professionals offering services in accountancy, insurance, international taxation, wealth management and investment advisory.

Landmark also expressed confidence in Hong Kong’s robust legal and regulatory framework and independent judiciary, a major consideration for ultra-high-net-worth (UHNW) individuals based elsewhere in Asia.